https://www.taxtmi.com/caselaws?id=63044 The tribunal held that rental income should be classified as income from house property, not business income, based on precedents and the actual use of the properties. The other income was deemed to be from other sources, not business income, and thus not eligible for set off against brought forward business losses. The tribunal disallowed the set off, emphasizing the distinction between business income and income from house property/other sources as per the Income-tax Act and judicial precedents. en-us Mon, 21 Jun 2004 00:00:00 +0530 Thu, 27 Jan 2011 15:25:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63044 The tribunal held that rental income should be classified as income from house property, not business income, based on precedents and the actual use of the properties. The other income was deemed to be from other sources, not business income, and thus not eligible for set off against brought forward business losses. The tribunal disallowed the set off, emphasizing the distinction between business income and income from house property/other sources as per the Income-tax Act and judicial precedents. Case-Laws Income Tax Mon, 21 Jun 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63044